Bank of America
Home Appraisal Dropped From $200,000 to $40,000 and Credit Line Cut
In 2008 I applied for a Home Equity Line of Credit from BoA. They appraised my property at over $ 200,000 (1/4 acre lot, 3 BR, 2.5 BA, $ 30,000 pool). I don't have a mortgage on my home, it is completely paid off. BoA granted me a line of credit of $ 187,000 and the contract was for 10 years. After ...